Spending on Military Simulation & Virtual Training Market Reached $8.4 Billion in 2009

PR-USA.net: MarketResearch.com has announced the addition of Visiongain’s new report “The Military Simulation and Virtual Training Market 2010-2020” to their collection of Defense market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2768981

This report analyzes the rapidly growing military simulation and virtual training market, exploring in detail its potential from 2010-2020. Armed forces worldwide are rapidly embracing military simulation and virtual training as a critical tool for enhancing training capacity, increasing training capability and in the process reducing training costs compared to “live” training. Based on Visiongain’s research, global spending in 2009 on military simulation and virtual training reached $8.4 billion.

The report examines current, future and potential contract and market prospects for current and new entrants into the flourishing military simulation and virtual training market.

The military simulation and virtual training market is a growing and increasingly important sector in the defense industry. As countries move to reduce defense spending in the face of economic pressures, military simulation and virtual training is expected to grow strongly due to its unique ability to increase training capabilities whilst reducing costs. Simulation is already the industry standard for commercial flight training and there is room for widespread growth into both the military and other commercial training sectors.

According to the report, the US dominates the military simulation and virtual training market. However, there is growing demand worldwide from countries in Europe, particularly the UK and France. Increasingly companies are looking to the East for current and future growth. In the Middle East, Saudi Arabia has already established itself as a market for military simulation. China and India are identified as the two crucial future emerging markets within military simulation and virtual training, expecting very strong growth in spending.

How much do individual countries plan to spend on military simulation and virtual training between 2010 and 2020? How much are the key market sectors and sub-sectors worth? Where are the growth opportunities over the next decade? How are emerging technologies changing the face of military training around the world? These critical questions and many more can be answered by the research presented in this report.

For more information, visit
http://www.marketresearch.com/product/display.asp?ProductID=2768981

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